News Headline Summary

HSBC's (HSBA LN) Poole says favouring Asian consumer discretionary stocks

Says:
- Sees Asian defence stocks as expensive.
- Chinese and South Korean cyclical stocks interesting.
- Asian currencies mostly undervalued.

Update details:

- Earlier there were reports that Fitch said emerging market growth is key for HSBC to meet profit target.

Print 14:33, 05 Mar 2013 - Global Equities - Source: Newswires